The buzz about an American recession is growing louder after Wall Street suffered its biggest day-drop last week. Economists warn the slowing economy could tip into a recession by the end of 2020 if trade tensions escalate in the coming months. Washington has been engaged in trade spats with China, Europe and its neighbors in the Americas. Data from June show America's trade gap with China remains largely unchanged, and its deficit with Mexico hit a record high. Caught in the middle of the turmoil are developing nations vulnerable to a global slowdown. What can they do to counter the U.S. tariff policy?